2027 BMW i5 eDrive40 Sedan (21 inch Wheels): home charging cost in New Jersey

At New Jersey's residential electricity rate of 23.65¢/kWh, a 2027 BMW i5 eDrive40 Sedan (21 inch Wheels) (rated 33.9 kWh per 100 miles by the EPA) costs $8.01 to drive 100 miles on home charging, against $16.02 for the same distance in a car averaging 25.5 mpg on gasoline at $4.085/gallon. Charging at home is much cheaper than gas here: 50% less than gas per mile, here specifically.

What a year of driving costs

Driving 15,000 miles a year — fueleconomy.gov's own default assumption — a 2027 BMW i5 eDrive40 Sedan (21 inch Wheels) charged at home in New Jersey costs about $1,201/year in electricity, against about $2,403/year for the gas-car comparison. That's a savings of about $1,202 a year.

Cost of a full charge

A 2027 BMW i5 eDrive40 Sedan (21 inch Wheels) needs roughly 94.8 kWh to reach its EPA-rated 280-mile range, which runs about $22.42 at 23.65¢/kWh in New Jersey.

How this compares nationally

This combination ranks 15,073 of 20,400 state/model pairs for cost savings against gas (1 is cheapest). The BMW i5 eDrive40 Sedan (21 inch Wheels) alone ranks 120 of 400 models for efficiency; New Jersey alone ranks 40 of 51 states for electricity price.

Before you install a home charger in New Jersey

The numbers above assume Level 2 home charging is already in place — the electrical work behind that is a real, separate cost that varies by panel, wiring, and local labor rates, not something this page's per-mile math includes.

Get quotes from local electricians for Level 2 charger installation in New Jersey before deciding.

Where these figures come from

The methodology guide names the exact EIA and EPA tables behind this page's numbers. At 23.65¢/kWh, New Jersey sits in the middle of the national range — the guide to why charging cost varies by state shows where.